ATLANTA—Todd P. Helms, Senior Vice President and Chief Human Resources Officer at Mueller Water Products, Inc. (NYSE:MWA), recently sold 3,556 shares of the company's common stock. The transactions, which took place on November 22, were executed at an average price of $25.0202 per share, amounting to a total sale value of $88,971.
Following the sale, Helms retains direct ownership of 38,682.758 shares. The shares sold were part of multiple transactions conducted within a price range of $25.020 to $25.025 per share. This information was disclosed in a filing with the Securities and Exchange Commission.
In other recent news, Mueller Water Products reported record earnings for fiscal year 2024 with fourth-quarter net sales rising to $348.2 million, a 15.5% increase year-over-year. Consolidated net sales for the year exceeded $1.3 billion, driven by robust demand and enhanced customer service. Adjusted net income per share reached an all-time high of $0.96, up 52% from the previous year. The company's adjusted EBITDA for the quarter also saw significant growth of 30.9% to $72.5 million.
TD Cowen, an independent financial firm, recently raised the price target for Mueller Water Products from $20.00 to $23.00, while maintaining a Hold rating on the stock. The firm's analysis indicates that the increase in earnings per share for Mueller was primarily due to a reduction in amortization expenses. Despite a minor decrease in the EBITDA estimate for fiscal year 2025, the firm anticipates savings from the facility's base case ramp, pointing towards potential financial improvements for the company.
Looking ahead, Mueller Water Products' fiscal 2025 projections include consolidated net sales between $1.34 billion and $1.36 billion, and adjusted EBITDA between $300 million and $305 million. These recent developments underscore the company's strong financial performance and promising future prospects.
InvestingPro Insights
While Todd P. Helms's recent stock sale may raise eyebrows, a closer look at Mueller Water Products, Inc. (NYSE:MWA) reveals a company with strong financial health and market performance. According to InvestingPro data, MWA's market capitalization stands at $3.93 billion, reflecting its substantial presence in the water infrastructure sector.
The company's stock has shown remarkable strength, with a 92.45% total return over the past year and a 77.89% return year-to-date. This impressive performance aligns with an InvestingPro Tip indicating that MWA has delivered a high return over the last year. Additionally, the stock's current price is 96.12% of its 52-week high, suggesting continued investor confidence.
MWA's financial stability is further underscored by its dividend history. An InvestingPro Tip highlights that the company has raised its dividend for 10 consecutive years, demonstrating a commitment to shareholder returns. With a current dividend yield of 1.06% and a dividend growth rate of 9.84% over the last twelve months, MWA appears to be balancing growth with shareholder remuneration effectively.
For investors seeking more comprehensive insights, InvestingPro offers an additional 12 tips for Mueller Water Products, providing a deeper understanding of the company's financial position and market outlook.
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